- Latest results (3)
- IR News (10)
- Financial Calendar (8)
October 13, 2023
August 21, 2023
August 8, 2023
April 28, 2023
April 13, 2023
March 2, 2023
February 23, 2023
December 4, 2023
January 9, 2024
January 11, 2024
February 29, 2024
April 17, 2024
April 30, 2024
July 30, 2024
Basic Share Data
Security Identification Numbers
Covestro Ticker Symbol
|Reuters Xetra ®||1COV.DE|
|Reuters Frankfurter Wertpapierbörse||1COV.F|
|Bloomberg Xetra ®||1COV GY|
|Bloomberg Frankfurter Wertpapierbörse||1COV GF|
Information about Covestro´s share
Covestro AG’s share capital of EUR 193,200,000 is divided into 193,200,000 bearer shares. The share capital of these bearer shares is represented through permanent multiple share documents, deposited with Clearstream Banking AG, Frankfurt am Main, Germany. Shareholders can participate in their shares through the collective holding at Clearstream Banking AG. As no-par shares, they represent a portion of the company’s share capital whose value is based on the market rate and the number of no-par shares in trade.
Listings & Equity Indices
Covestro shares are listed on all German stock exchanges in the regulated market. Since March 19, 2018, Covestro AG has been included in the DAX share index. In USA, the share is traded in the form of a Sponsored ADR Program (American Depositary Receipt) on the OTC Market (Over the Counter).
Covestro shares are attractive to investors who focus on environmental, social and governance (ESG) factors in their key share data. Covestro focuses on transparency in its sustainability performance and actively participates in selected ESG ratings relevant to Covestro. This sets Covestro apart as a leader in the chemical industry.
Covestro is fully aligned to a circular economy: from recycling all waste to dispensing with fossil raw materials and energy sources. In this way, we aim to be a driver of the industry as a producer of high-tech polymer materials.
Based on public information, Covestro considers 100 percent of the outstanding shares to be free float. In accordance with the obligation under the German Securities Trading Act (WpHG), the following shareholders have notified Covestro of a voting interest of 3% or more. Furthermore, members of the Board of Management and Supervisory Board of Covestro AG and persons closely associated with them are required to report securities transactions of EUR 20,000 or more in a calendar year.
Covestro AG lists its known financial analysts who evaluate Covestro through their forecasts, estimates and predictions. Currently relevant estimates of financial analysts participating in the survey by Vara Research, as well as further details on the consensus are explained here.
Comments on the past stock market year can be found in the current Annual Report in the section "To our Shareholders" in the chapter "Covestro on the Capital Market." Further financial documents and presentations can be found here.
Calculate the profitability of your Covestro shares with our interactive calculating tool.
At the Annual General Meeting on May 12, 2019, Covestro AG was authorized to acquire treasury shares up to a total of 10% of the company's existing capital stock. Within the framework of this authorization, the Board of Management resolved on February 28, 2022 to launch a share buyback program with a total volume of approximately EUR 500 million (excluding incidental acquisition costs), to be completed within two years. On October 26, 2023, the Board of Management decided to terminate the remaining ongoing share buyback program ahead of schedule. This decision has been taken due to the current overall situation and the limited time remaining until the end of the program on February 28, 2024 and the authorization of the Annual General Meeting expiring on April 11, 2024. As such, EUR 199 million of the intended EUR 500 million share buyback were executed. Covestro bought back 4.7 million shares with an average price of EUR 42.50 per share. Covestro plans to seek for a renewal of the authorization during the Annual General Meeting in 2024 to continue share buybacks in the future.
In the past, Covestro AG acquired shares totalling more than 9.8% of the capital stock or worth just under EUR 1.5 billion between November 2017 and December 2018.
Further details on the share buyback can be found here.
In the years 2018 to 2022 Covestro AG issued treasury shares to employees of the German Covestro companies within the framework of the "Covestment" share participation program.